Rhumbline Advisers Reduces Holdings in KB Financial Group Inc $KB

Key Points

• Rhumbline Advisers has reduced its stock position in KB Financial Group Inc by 10.2%, holding 45,131 shares worth approximately $2.44 million after selling 5,142 shares in the first quarter.
• KB Financial Group's quarterly earnings report showed an EPS of $3.16, slightly exceeding analysts' expectations, with revenue of $3.32 billion for the quarter.
• The bank recently announced a quarterly dividend of $0.657 per share, representing a 3.1% dividend yield and a payout ratio of 20.37%.

Rhumbline Advisers lessened its holdings in shares of KB Financial Group Inc (NYSE:KB - Free Report) by 10.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,131 shares of the bank's stock after selling 5,142 shares during the period. Rhumbline Advisers' holdings in KB Financial Group were worth $2,442,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Jane Street Group LLC boosted its holdings in KB Financial Group by 64.3% in the 1st quarter. Jane Street Group LLC now owns 26,136 shares of the bank's stock valued at $1,414,000 after purchasing an additional 10,225 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of KB Financial Group by 53.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 96,650 shares of the bank's stock worth $5,230,000 after acquiring an additional 33,650 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of KB Financial Group in the 1st quarter worth approximately $259,000. AQR Capital Management LLC acquired a new position in shares of KB Financial Group in the 1st quarter worth approximately $300,000. Finally, Amundi lifted its holdings in shares of KB Financial Group by 72.3% in the 1st quarter. Amundi now owns 76,861 shares of the bank's stock worth $4,021,000 after acquiring an additional 32,250 shares during the last quarter. 11.52% of the stock is currently owned by institutional investors and hedge funds.

KB Financial Group Stock Down 0.3%

Shares of NYSE:KB traded down $0.22 during trading hours on Friday, reaching $84.01. The stock had a trading volume of 174,888 shares, compared to its average volume of 118,375. KB Financial Group Inc has a 1 year low of $46.38 and a 1 year high of $92.39. The firm's 50 day moving average is $81.48 and its 200-day moving average is $71.56. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.67 and a current ratio of 1.67. The stock has a market capitalization of $32.05 billion, a price-to-earnings ratio of 8.07, a P/E/G ratio of 0.64 and a beta of 1.07.

KB Financial Group (NYSE:KB - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The bank reported $3.16 EPS for the quarter, beating analysts' consensus estimates of $3.15 by $0.01. The company had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.20 billion. KB Financial Group had a net margin of 16.16% and a return on equity of 9.79%. Research analysts predict that KB Financial Group Inc will post 8.87 earnings per share for the current fiscal year.

KB Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 8th were given a $0.657 dividend. This represents a $2.63 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, August 8th. KB Financial Group's dividend payout ratio (DPR) is 20.37%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of KB Financial Group from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy".

KB Financial Group Company Profile

KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. The company operates through Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance segments.